Pax Dollar (USDP)
Rank #518
Market snapshot
- Price
- $0.999651
- Market cap
- $29.2M
- 24h volume
- $2.4M
- Circulating supply
- 29,168,261.4107
- Total supply
- 29,168,261.4107
- Max supply
- N/A
What is Pax Dollar?
Pax Dollar is a stablecoin that aims to provide a digital representation of the US dollar. It is designed to maintain price stability by being backed by reserves. Pax Dollar operates on the Ethereum and Solana networks, allowing for transactions and transfers within these blockchain ecosystems.
Key information
- Symbol
- USDP
- CMC rank
- #518
- Network / platforms
Ethereum, Solana
- Categories
- Store of value
- Date added
- Sep 27, 2018
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Ethereum
0x8e870d67f660d95d5be530380d0ec0bd388289e1Solana
HVbpJAQGNpkgBaYBZQBR1t7yFdvaYVp2vCQQfKKEN4tM
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Pax Dollar (USDP)?
- Pax Dollar (USDP) is a stablecoin designed to maintain a stable value relative to the US dollar, operating on the Ethereum and Solana networks.
- What are the risks associated with transferring Pax Dollar?
- Transferring Pax Dollar involves risks such as price volatility, the need to verify contract addresses and networks, and potential custody risks associated with centralized platforms.
- How can I verify the acquisition of Pax Dollar?
- To verify acquisition, ensure you check the asset name, network, and contract details before transferring Pax Dollar.
- Where can I find official resources for Pax Dollar?
- Official resources for Pax Dollar can be found at their website: https://www.paxos.com/usdp/ and their whitepaper: https://account.paxos.com/whitepaper.pdf.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
